Foresta Unit Signs Deal With NZ Energy Authority

MT Newswires Live

2025/05/06

Foresta Group Holding (ASX:FGH) said its New Zealand unit signed an agreement with the country's Energy Efficiency and Conservation Authority (EECA) to study the potential use of geothermal steam at the company's planned biomass facility in Kawerau, according to a Monday filing with the Australian bourse.

The feasibility study led by engineering and advisory firm Aurecon will assess low-carbon process heat options, the filing said.

The company will contribute NZ$30,000, while EECA will provide NZ$20,000, the filing added.

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